Association for Energy Affordability Inc

Analysis

Association for Energy Affordability Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Association for Energy Affordability Inc reported income of $27.6m and spending of $27.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.3m to $27.6m (+93%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Association for Energy Affordability Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include The McGregor Foundation ($27.6m), Hamlin School ($27.6m) and L I Child and Family Development Services Inc ($27.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $781k (2.9% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $27.5m against liabilities of $21.5m, net assets of $6.1m. It reported 140 employees.